Right Sample Clauses

Right. If Change in Control occurs and if, in respect of the Executive, a Triggering Event occurs on or before the Expiry Date, the Executive shall be entitled to elect to terminate his employment with the Corporation and to receive a payment from the Corporation in the amount an amount represented by the formula A × (B + C) where: A = 3; B = the highest annualized rate of monthly base salary received by the Executive in the thirty-six months immediately preceding the Change in Control; and C = the highest bonus amounts received by the Executive in the calendar year of the Change in Control or in any one of the three calendar years immediately preceding the calendar year of the Change in Control; subject to the monetary limitations set out in Article 4 below.

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Right. During the Term, Tenant shall have a continuing "right of first offer," in accordance with the terms set forth below, to purchase the Property. Landlord may only sell the Property to a party other than Tenant as set forth in this Article 27. Landlord may at any time deliver Tenant a copy of a proposed purchase agreement pursuant to the terms of which Landlord is prepared to sell the Property to Tenant (the "Proposed Purchase Agreement"). The Proposed Purchase Agreement shall specify, without limitation, the following terms (the "Key Terms"): (i) the purchase price (the "Proposed Purchase Price"); (ii) the amount of ▇▇▇▇▇▇▇ money; and (iii) the availability (if any) of purchase money financing to be provided by Landlord. Tenant shall thereupon have a right (a "First Offer Right") to purchase the Property on the terms set forth in the Proposed Purchase Agreement. Each First Offer Right is granted subject to the following terms and conditions: (a) Tenant shall give Landlord written notice of its election to exercise a First Offer Right within 10 days after Landlord delivers to Tenant the applicable Proposed Purchase Agreement by executing the Proposed Purchase Agreement and returning it to Landlord together with the required ▇▇▇▇▇▇▇ money deposit; (b) Tenant is not in default nor has any event occurred which with the giving of notice, the passage of time, or both, would constitute a default by Tenant, under this Lease either on the date Tenant exercises such First Offer Right or on any closing date specified in the Proposed Purchase Agreement; (c) In the event that Tenant does not timely or properly exercise any First Offer Right, Landlord may, at any time during the one-year period following the delivery of the Proposed Purchase Agreement to Tenant, sell the Property to any third party on the same or better Key Terms as were set forth in the Proposed Purchase Agreement; provided, however, that the purchase price in any sale to such a third party may be as little as 80% of the Proposed Purchase Price. Tenant shall have a continuing right of first offer if Landlord desires to sell the Property to a third party on Key Terms other than as set forth in the preceding sentence. If Landlord does not sell the Property to a third party within the one-year period described above, on terms contemplated by the first sentence of this subparagraph (c), then the Property shall once again be subject to Tenant's right of first offer.

Right. In case such subscription price may be paid in a consideration part or all of which shall be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board of Directors of the Corporation, whose determination shall be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and holders of the Rights. Preferred Shares owned by or held for the account of the Corporation shall not be deemed outstanding for the purpose of any such computation. Such adjustment shall be made successively whenever such a record date is fixed; and, in the event that such rights, options or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.

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Right. Such adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.

Right. If an event occurs that would require an adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment required pursuant to Section 11(a)(ii) hereof.

Right. Such adjustment shall be made successively/whenever such a record date is fixed.

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